HOKU Scientific up 33% in the opening

Hoku Scientific shares up 34% in premarket; borrows $185M from Merill Lynch
BOSTON, Dec. 6, 2007 (Thomson Financial delivered by Newstex) -- Shares of Hoku Scientific (NASDAQ:HOKU) Inc. rallied in premarket trading Thursday after the Kapolei, Hawaii-based materials science company said it will to borrow up to $185 million from Merrill Lynch (NYSE:MER) (OOTC:MERIZ) to build a polysilicon production plant.

The stock rose 34% to $8.87 on volume of 348,444.

money.com full article

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